Envestnet Asset Management Inc. Acquires 64,503 Shares of Alliant Energy Co. (NASDAQ:LNT)

Envestnet Asset Management Inc. lifted its holdings in Alliant Energy Co. (NASDAQ:LNT – Get Rating) by 28.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 294,290 shares of the company’s stock after purchasing an additional 64,503 shares during the quarter. Envestnet Asset Management Inc. owned 0.12% of Alliant Energy worth $16,248,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in LNT. James Investment Research Inc. bought a new stake in shares of Alliant Energy in the third quarter worth $25,000. Romano Brothers AND Company bought a new stake in Alliant Energy during the fourth quarter worth $29,000. Accurate Wealth Management LLC bought a new stake in Alliant Energy during the fourth quarter worth $33,000. Guardian Wealth Advisors LLC bought a new stake in Alliant Energy during the third quarter worth $36,000. Finally, Standard Family Office LLC bought a new stake in Alliant Energy during the third quarter worth $38,000. Institutional investors own 75.89% of the company’s stock.

Alliant Energy Trading Down 0.6 %

LNT stock opened at $54.76 on Tuesday. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.39 and a current ratio of 0.62. The company’s 50-day simple moving average is $53.95 and its 200 day simple moving average is $53.65. Alliant Energy Co. has a 52 week low of $47.19 and a 52 week high of $64.62. The company has a market capitalization of $13.77 billion, a PE ratio of 20.98, a price-to-earnings-growth ratio of 2.96 and a beta of 0.55.

Alliant Energy (NASDAQ:LNT – Get Rating) last posted its quarterly earnings data on Friday, May 5th. The company reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.73 by ($0.08). The firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.17 billion. Alliant Energy had a return on equity of 10.74% and a net margin of 15.60%. The company’s revenue for the quarter was up .8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.77 EPS. As a group, sell-side analysts anticipate that Alliant Energy Co. will post 2.9 earnings per share for the current year.

Alliant Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 15th. Stockholders of record on Friday, April 28th will be given a dividend of $0.4525 per share. This represents a $1.81 annualized dividend and a dividend yield of 3.31%. The ex-dividend date is Thursday, April 27th. Alliant Energy’s dividend payout ratio (DPR) is 69.35%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on LNT shares. StockNews.com started coverage on shares of Alliant Energy in a research report on Thursday, March 16th. They set a “sell” rating on the stock. BMO Capital Markets decreased their price objective on shares of Alliant Energy from $59.00 to $58.00 and set a “market perform” rating on the stock in a report on Monday, February 27th. Wells Fargo & Company upgraded shares of Alliant Energy from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $58.00 to $61.00 in a report on Wednesday, April 19th. Mizuho downgraded shares of Alliant Energy from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $64.00 to $55.00 in a report on Monday, January 9th. Finally, Guggenheim upgraded shares of Alliant Energy from a “sell” rating to a “neutral” rating and upped their price objective for the company from $46.00 to $52.00 in a report on Tuesday, February 21st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $58.67.

About Alliant Energy

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Alliant Energy Corp. is a regulated investor-owned public utility holding company, which engages in the provision of regulated electricity and natural gas service to natural gas customers in the Midwest through its two public utility subsidiaries. It operates through following segments: Electric Utility, Gas Utility, Other Utility, and Non-Utility and Other.